In general, High street travel agencies are seen as small and cramped and unable to provide the space to meet prospective holidaymakers increasing demands – many holiday makers find that it is in the travel agency that they get their first taste of having to queue for long periods of time.Other operators, such as Going Places and Virgin Travel are seeking out-of-town stores.
This new trend has been driven by the need to provide better customer care in an increasingly competitive market and to reduce overall running costs, said Richard Allsop. In preparation for the launch on 16 November of Standard Life Investments, key changes have been made to the senior management team within the Property Investment business.
Business space and offices asset management teams, run before as separate entities, will now be combined under Fund Manager, Niall Lindsay who previously headed the retail business. Craig Loudoun will take up the post of Chief Portfolio Manager in the new team. The team will manage just under half of the property portfolio, currently valued in excess of £4 billion.
Martin McGuire who was responsible for the UK and overseas office portfolio will now establish a new team to manage Standard Life’s expanding investment in Continental Europe. This last year has been the most active in our history, said Property Investment Manager. We have concluded transactions during the course of the year amounting to £500 million.